BlackLine Home page BlackLine home page
Solutions
Solutions
Financial Close Management
Financial Close Management
Overview
Overview
Account Reconciliations
Account Reconciliations
Task Management
Task Management
Transaction Matching
Transaction Matching
Journal Entry
Journal Entry
Compliance
Compliance
Variance Analysis
Variance Analysis
Smart Close for SAP
Smart Close for SAP
Accounts Receivable Automation
Accounts Receivable Automation
Overview
Overview
Cash Application
Cash Application
Credit & Risk Management
Credit & Risk Management
Collections Management
Collections Management
Disputes & Deductions
Disputes & Deductions
Team & Task Management
Team & Task Management
AR Intelligence
AR Intelligence
Intercompany Financial Management
Intercompany Financial Management
Overview
Overview
BlackLine Intercompany
BlackLine Intercompany
By Organization Size
By Organization Size
Midsize Organizations
Midsize Organizations
Large Enterprises
Large Enterprises
By Industry
By Industry
Banking & Financial Services
Banking & Financial Services
Consumer Products & Services
Consumer Products & Services
Energy & Raw Materials
Energy & Raw Materials
Healthcare & Life Sciences
Healthcare & Life Sciences
Manufacturing
Manufacturing
Retail
Retail
Technology, Media & Communications
Technology, Media & Communications
See All Industries
By ERP
By ERP
SAP
SAP
Oracle
Oracle
Oracle NetSuite
Oracle NetSuite
Microsoft Dynamics
Microsoft Dynamics
See All ERPs
Customers
Customers
Customer Success
Success Stories
Success Stories
Collaborative Accounting Experience
Collaborative Accounting Experience
Modern Accounting Playbook
Modern Accounting Playbook
Training & Education
Training & Education
CUSTOMER SUPPORT
Global Support
Global Support
Developer Portal
Developer Portal
BlackLine Community
BlackLine Community
Resources
Resources
Events
Events
Upcoming Webinars
Upcoming Webinars
On-Demand Webinars
On-Demand Webinars
White Papers
White Papers
Blog
Blog
Accounting Glossary
Accounting Glossary
Global Support
Global Support
About
About
Company
Company
About BlackLine
About BlackLine
Leadership
Leadership
Diversity, Equity & Inclusion
Diversity, Equity & Inclusion
Environmental, Social & Governance
Environmental, Social & Governance
In the News
In the News
Press Releases
Press Releases
Investors
Investors
Awards & Recognition
Awards & Recognition
Careers
Careers
Partners
Partners
Consulting Alliances
Consulting Alliances
Solution Provider Partners
Solution Provider Partners
Software & Cloud Partners
Software & Cloud Partners
Business Process Outsourcers
Business Process Outsourcers

Therese Tucker

Founder & Executive Chair

image
Therese Tucker: Not your typical buttoned-up executive and entrepreneur

During her tenure as CEO at BlackLine, Founder Therese Tucker was fast on her feet, a blur of color as she sprinted from one meeting to the next across four floors of the office tower that bears BlackLine’s name. A certified yoga instructor, she is equally nimble with words, a necessity given the arcane language of Finance and Accounting (F&A) that she has mastered. Her financial acumen and technological ingenuity have combined to make the work of hundreds of thousands of accountants more efficient and humane, lowered the stress levels of internal auditors and given CFOs extraordinary visibility into their organizations’ business performance, informing smarter decisions to enhance competitive standing.

Prior to launching financial controls and automation software leader BlackLine in 2001, Therese was the Chief Technology Officer at SunGard Treasury Systems. When she started BlackLine, she had more than 25 years in financial accounting and technology development experience under her belt and was focused initially on providing a wealth management solution to First National Bank of Nebraska. When an accountant expressed frustration over the bank’s manual processes to reconcile the books, Therese took notice.

(CONTINUE READING)

A software programmer at heart (and someone who deeply detests waste and inefficiency), she put her nose to the grindstone and developed the first automated solution for account reconciliations. BlackLine, as we know it today, was born, albeit Therese was the sole investor at the time, balancing two school-age children at home with the demands of a burgeoning enterprise.

In subsequent years, she merged her two passions in technology and finance to the behest of Finance and Accounting organizations across the world, adding new functionalities that addressed the expressed problems of clients. Under Therese’s direction, BlackLine also was first to market with enterprise-class SaaS (Software-as-a-Service) applications automating the entire financial close process. It was an open field and business grew exponentially. The company now has users in approximately 150 countries served by over 1,300 employees worldwide. The impressive client roster boasts such global household names as Boeing, British Gas, Dow Chemical, DuPont, eBay, Northrop Grumman, Qantas Airways, Saint Gobain and United Airlines, to cite just a few.

Altogether, BlackLine touts at least 25 customers in the Fortune 50 and half of the Fortune 500. The company also has penetrated the ranks of mid-sized companies and has offices now in more than 15 cities around the world as BlackLine continues to add global clients, demonstrating the increasing demand worldwide for software to automate key F&A processes.

Running the business has required making risky moves. When Therese led the company’s shift to a 100 percent SaaS/cloud business model in early 2008, she was well aware this would restrict cash flow. Nevertheless, she believed the decision would encourage more customers to sign on because of the lower upfront capital expenditure. The gamble paid off—nearly all of the company’s SaaS customers increased the number of their licenses, generating an increasing volume of recurring revenue.

Today, many leading advisory and outsourcing firms, including Capgemini, Deloitte, EY, Genpact, KPMG and PwC, employ a growing list of representatives that are ‘BlackLine Certified Implementation Professionals.’ BlackLine also has formal strategic alliances in place with Capgemini, Deloitte, EY and KPMG.

In 2013, the BlackLine Financial Close Suite for SAP® Solutions became an SAP-endorsed business solution, joining the ranks of fewer than 40 other software offerings globally to be recognized by the enterprise application and ERP software leader. In 2016, Therese spearheaded the acquisition of Runbook, a Europe-based provider of F&A automation solutions to the SAP market, further solidifying BlackLine’s position as a leading provider of software solutions to automate and control the entire financial close process for SAP’s global customer base. Most recently, in 2018, BlackLine entered into a reseller agreement with SAP strengthening its long-standing relationship by giving SAP the ability to resell BlackLine’s market-leading cloud-based finance and accounting solutions globally.  At the time, BlackLine joined only three other companies that had products resold by SAP as Solution Extensions for the Finance line of business.

In addition, BlackLine has been repeatedly recognized by global technology industry research firm Gartner as a Leader in its Magic Quadrant for Cloud Financial Close Solutions and as a pioneer in the cloud market for enhanced financial control and automation.

Growth and Honor

After self-funding, bootstrapping and turning down several offers from venture capital firms, in 2013 Therese partnered with Silver Lake Sumeru, the mid-market arm of leading technology-focused global private equity firm Silver Lake, to undertake a recapitalization of the company and drive its next phase of growth. This vital financial commitment from Silver Lake validates the huge market opportunity for solutions that automate processes for the office of the CFO. In 2016, Therese went on to lead BlackLine through an IPO, debuting on the Nasdaq and becoming one of the first/only female tech company founders to take her company public.

Therese’s leadership, passion and persistence have not gone unrecognized. BlackLine ranked No. 7 on the 2016 list of the ‘50 Fastest’ Women-Owned/Led Companies in the world, as reported in Fortune. That same year, BlackLine was named to Forbes’ inaugural ‘Cloud 100’. BlackLine also has made the Software 500 list of the “world’s largest and best-performing software companies” for the past nine years, the Deloitte Tech Fast 500 for the past ten, and the prestigious Inc. 500/5000 for ten years in a row, joining the ranks of such high-growth brand name companies as Jamba Juice, Microsoft and Patagonia.

Many prestigious industry organizations have recognized Therese’s myriad accomplishments, as well. In 2010, Accounting Today selected her as one of '10 To Watch' in the accounting profession; and then eight years later, in 2018, named her to their annual list of the ‘Most Influential People in Accounting’. In 2011, San Fernando Valley Business Journal honored her as a ‘Woman of the Decade’ for her continuous accomplishments in building and growing the software company. That same year, she earned the 2011 Stevie American Business Award for Software Executive of the Year, awarded the previous year to Oracle’s Larry Ellison!

The accolades keep coming in. In 2016 alone, Therese and BlackLine were honored with ‘CEO of the Year’, ‘IPO of the Year’ and ‘Europe Deal of the Year’ awards. She also earned the ‘2013 Enterprising Women of the Year Award’ from Enterprising Women magazine, and both she and BlackLine received the Patrick Soon-Shiong Innovation Award that same year – a unique honor, recognizing the company for innovations that help companies save time, reduce costs and make life easier for those working in corporate Finance & Accounting.

Therese has been invited to speak multiple times at the Harvard Business School ‘Dynamic Women in Business’ conference and also at Columbia University’s ‘Women Leadership Summit.’ In addition to leading BlackLine and teaching yoga when time permits, Therese also has developed a tax/wealth planning software tool, which has been marketed to tax preparers and CPAs since 1998.

 

Giving Back

Therese believes strongly in giving a percentage of her salary to charitable organizations and causes. She is on the Board of California Community Foundation. On an ongoing basis, she has supported the Los Angeles Mission, Los Angeles Christian Health Centers, PATH, Brotherhood Crusade and Dream Center, a distributor of food to high-risk, poor areas of downtown Los Angeles. Therese has a personal goal to one day provide Dream Center with a technology/software platform that would automate the distribution process and allow the organization to deliver more food to more people.

Therese also makes every effort to get BlackLine clients involved in these endeavors. Before each Annual User Conference, the company conducts a community event engaging clients, partners and employees to work together as volunteers. One year, for instance, more than 80 people helped build homes in New Orleans through Habitat for Humanity.  In 2017, Therese and BlackLine’s employees pledged to provide each of the 50,000+ homeless people in LA with something warm to wear, handing out more than 180,000 items during the holiday season.

As a company, BlackLine gives back to the local community in Los Angeles/San Fernando Valley through sponsorship of concerts in the park and benefits/events with the local Loaves & Fishes and Toys for Tots organizations. BlackLine employees also volunteer at least several days each year with organizations like Habitat for Humanity, GLIDE and Toys for Tots.

To people who know Therese well, these philanthropic initiatives go with the territory. In her business life, she is most proud of the ways in which BlackLine has made work more humane for people, relinquishing them from rote, repetitive manual tasks and freeing them up to spend more time with their families. Therese is on a mission to modernize corporate finance. The fact that these automated solutions generate revenue is merely icing on the cake. Pink icing.

In The News

The latest media coverage on Therese Tucker

image

"The biggest game changer in technology today is SaaS. Software as a service typically requires very little IT resources and allows the business owner to direct and control the implementation of their selected software. There’s no need to order hardware, schedule scarce IT resources or competition for resources against other systems. SaaS is the future."

CEO & Founder, BlackLine

Gallery

Therese's Blog

Recent posts from Therese

A look at Continuous Accounting

For years, management consultancies have touted the benefits of continuous improvement, the ongoing efforts in a business to improve products, services or processes by increments. In doing so, companies can identify and eliminate waste, enhance operational excellence and focus on issues like growing the business, accountant stress, the risk of administrative and reporting errors, and the possibility of a material weakness.

At last, continuous improvement has come to the world of accounting and finance, as Russ Banham points out in our cover story, “Counting on Continuous Accounting.” We’re a leader in this movement to forge a new mindset in finance, breaking down the accounting tasks that usually pile up at the period-end close into a series of smaller steps, all of them automated, of course....

Read More

BL Named to Garner Magic Quadran

A business must boldly blaze a trail that others follow, striving to do what’s best for its customers, probing what the future will demand of them, and making innovative decisions that help move them forward. These are the attributes of a business leader....

Read More

Continuous Accounting at the Speed of Business

Ever wonder where the term, the “last mile” of finance, originated? This oft-used phrase to describe the month’s worth of work painfully squeezed into a few days to close the books refers to the final steps taken by a prisoner condemned to die. Company accountants can relate to this fate.

Compressing the closing activities for financial reporting into scant days results in overwrought accountants more likely to make mistakes, high labor costs to staff up for the peak overload, delayed forecasts by FP&A (financial planning and analysis), and tardier testing of Sarbanes-Oxley controls by internal audit....

Read More

Welcome to the future of Finance

Last year in Chicago BlackLine introduced a new vision for the accounting and finance profession. It’s called Modern Finance, and it’s changing business – your business – in ways that might not have seemed possible a few years ago....

Read More

The Future of Accounting Is Here